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Turkey Approves Swedish Bid for NATO Membership

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In a significant development, Turkish President Tayyip Erdogan has agreed to present Sweden’s bid for NATO membership to the Turkish parliament, potentially putting an end to months of uncertainty and strain within the alliance.

Sweden and Finland, both of which had adhered to military non-alignment policies during the Cold War era, applied for NATO membership in response to Russia’s invasion of Ukraine.

While Finland’s membership was approved in April, Turkey and Hungary had yet to endorse Sweden’s bid. However, with Erdogan’s agreement, it seems that the final hurdle for Swedish accession to NATO has been removed.

“This has been a good day for Sweden,” Swedish Prime Minister Ulf Kristersson told reporters, saying Monday’s statement was “a very big step” toward the final ratification of Sweden’s membership of NATO.

Sweden has been actively working towards joining the alliance at the NATO summit in Vilnius, Lithuania, which is set to commence on Tuesday.

The joint statement issued by Turkey and Sweden highlighted Sweden’s commitment to refrain from supporting Kurdish groups and actively supporting Turkey’s efforts to revive its EU accession process.

Erdogan emphasised that the European Union should clear the path for Turkey’s own EU membership before approving Sweden’s NATO membership in the Turkish parliament.

NATO Secretary-General Jens Stoltenberg acknowledged Erdogan’s commitment to push for ratification in parliament promptly, although a specific timeline was not provided. Previously, it took two weeks for Finland’s membership to be ratified by Turkey’s parliament.

The U.S. and its allies have exerted pressure on Turkey for months, with some NATO partners suspecting Turkey of leveraging Sweden’s membership to negotiate its defence deals, particularly in relation to its request to purchase F-16 fighters and modernisation kits from Lockheed Martin Corp.

U.S. President Joe Biden welcomed the announcement, and he is scheduled to engage in face-to-face discussions with Erdogan during the NATO summit.

The resolution of Sweden’s NATO membership issue is anticipated to alleviate tensions within the alliance and facilitate the strengthening of NATO’s collective defence capabilities in the face of ongoing conflicts, such as the war in Ukraine.

 

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Tasmania AFL team confirmed: Macquarie Point stadium legislation passes

Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.

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Tasmania joins AFL with the Tassie Devils set for 2028; legislation passed for Macquarie Point stadium.


Tasmania is officially joining the AFL! After a marathon debate, the Legislative Council has passed the Macquarie Point stadium-precinct legislation 9-5. This milestone paves the way for the Tassie Devils Football Club to join the AFL in 2028, marking a historic moment for Tasmanian sport.

In an exclusive segment of Footynomics: The Business of Sport, Professor Tim Harcourt discusses the significance of this legislation, the social and economic impact of a new AFL team, and why this process took longer than expected.

We also explore what comes next for Tasmania, the AFL, and the broader implications for sports both in Australia and internationally.

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#TasmaniaAFL #TassieDevils #AFLExpansion #Footynomics #MacquariePoint #SportsEconomics #AustralianFootball #TickerNews


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Australian Dollar hits five-week high amid weak GDP and US Dollar

Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.

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Australian dollar hits five-week high amid soft US dollar, traders eye RBA policies and Fed meeting impacts.


The Australian dollar has surged to a five-week high as disappointing GDP data and a softer US dollar reshape trader expectations. Market participants are closely watching the Reserve Bank of Australia’s next policy meeting to gauge future interest rate decisions.

We sit down with Steve Gopalan from SkandaFX to break down what these developments mean for the Australian economy and global markets. From Q3 growth figures to inflation indicators, Steve explains the key drivers behind the Aussie dollar’s recent gains.

Traders are also keeping an eye on the Federal Reserve’s upcoming policy meeting, as a weaker US dollar could have further implications for the Australian currency. Stay informed with expert insights and what to expect in the weeks ahead.

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#AustralianDollar #ForexNews #AUD #GDPUpdate #USdollar #InterestRates #RBA #MarketAnalysis


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EU launches antitrust probe into Meta over WhatsApp AI policy

EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.

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EU probes Meta’s WhatsApp AI chatbot policy for potential antitrust violations affecting third-party developers and competition.


The European Commission has opened an antitrust investigation into Meta over WhatsApp’s new AI chatbot policy. The inquiry examines whether the policy restricts third-party AI developers from accessing WhatsApp’s business tools, potentially breaching EU competition rules.

Meta updated its terms, effective January 2026, which have already barred new AI providers since October 15. The rules prohibit AI developers from using WhatsApp as their primary service, affecting a number of AI companies looking to integrate with the platform.

The EU’s competition commissioner is considering interim measures to ensure fair competition. If Meta is found in violation, it could face fines of up to 10% of its global annual revenue.

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#Meta #WhatsApp #EURegulation #AIChatbots #TechNews #Antitrust #DigitalCompetition #MetaAI


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